WEBSTER FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.websterfcu.org for more information.
Dec, 31, 2023 — WEBSTER FEDERAL CREDIT UNION is a federal credit union headquartered in WEBSTER, NY with 1 branch location and about $18.13 million in total assets. Opened 60 years ago in 1964, WEBSTER FEDERAL CREDIT UNION has about 2,227 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WEBSTER FEDERAL CREDIT UNION |
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Address: (Main Office) | 815 RIDGE ROAD WEBSTER, NY 14580-2410 |
Phone: | (585) 671-8900 |
Fax: | (585) 671-9391 |
Website: | https://www.websterfcu.org |
Branches: | 1 branch locations |
Members: | 2,227 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16335 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Sep 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,133,901 |
CEO/Manager: | Walter F Zehder |
Chairperson: | William Lochner |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,341,271 |
TOTAL INVESTMENTS | 4,869,002 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,037,825 |
Unsecured Loans | 1,295,147 |
Other Loans | 4,193,632 |
TOTAL LOANS | 9,526,604 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,071 |
Land And Building | 0 |
Other Fixed Assets | 79,549 |
NCUSIF Deposit | 141,692 |
All Other Assets | 218,854 |
TOTAL ASSETS | 18,133,901 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 40,561 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,970,106 |
Regular shares | 13,729,705 |
All Other Shares & Deposits | 132,996 |
TOTAL SHARES & DEPOSITS | 16,832,807 |
TOTAL LIABILITIES | 16,873,368 |
Regular Reserve | 280,639 |
Other Reserves | 0 |
Undivided Earnings | 979,894 |
TOTAL EQUITY | 1,260,533 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,133,901 |
INCOME & EXPENSE | |
Loan Income | 291,835 |
Investment Income | 58,727 |
Other Income | 68,585 |
Total Employee Compensation & Benefits | 160,010 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 280,102 |
Non-operating Income & (Expense) | 6,287 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
Cost of Funds | 2,126 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -25,804 |
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